Noranda/Freewest start joint venture drilling
Noranda Inc. (TSE) has started drilling on a gold property held in joint venture with Freewest Resources (ME). The drill program will follow-up a strong intersection completed last year, which cut 57….
News
Thunderwood, Falconbridge on target at Pelletier bet
Partners Falconbridge Ltd. (TSE) and International Thunderwood Explorations (TSE) had some good news to report after finishing a $3- million drill program at the Pelletier Lake gold property near Rouy…
PDAC convention set for March 5-8
Organizers of the 57th annual convention of the Prospectors and Developers Association of Canada (PDAC) are bracing themselves for another successful get-together this year. More than 4,000 delegates …
New Falconbridge Gold ready to `take a beating’
Falconbridge Ltd. (TSE) executives could have picked worse days in which to brief Toronto analysts on the potential of the company’s new gold producing subsidiary. After all, when Falconbridge and age…
FINANCING (January 23, 1989)
ONTARIO Espirt Res Ltd — 3,000,000 offered @ $1 per flowthrough sh & 3,750,000 offered @ 80 cents per unit to gross $2,737,500. VANCOUVER Pacific Rim Mng — gross proceeds rec $260,000. Silver Spur …
Poor results delay production decision
An underground exploration program on the Maude Lake gold deposit has failed to provide the results needed to justify a production decision, partners Equinox Resources (TSE) and Technigen Corp. (VSE) …
Rio Plata drills Timmins property
Detailed magnetic work and a preliminary diamond drilling program have been completed by Rio Plata Resources (VSE) on its Hislop Twp., property near Timmins, Ont. Eight holes were drilled on the north…
Canamax stops mining at Matheson project
Mining operations have been suspended at Canamax Resources’ (TSE) Matheson gold project in northeastern Ontario. No further mining is planned due to disappointing underground drill results on the Lowe…
Dumagami refutes claims of Montreal-based shareholder
Toronto-based Dumagami Mines (TSE) has taken strong exception to some recent statements made by a Montreal investment company regarding future production at its Donald La Ronde mine at Cadillac, Que. …
Vancouver Stock Exchange Applegath’s Tundra moves up
Gold prices appear to be holding steady enough for investors here to continue testing the waters and shore up support for the still unsteady VSE Index. Although up considerably from last week, at pres…
Canadian exploration halted by Newmont
Twenty-five employees in Newmont Mining’s Canadian exploration wing will be seeking new jobs next month following the New York-based company’s decision to suspend operations in Canada. Representatives…
Cassiar selling Bissett to Rea
Ownership of the Bissett gold mine and mill in Manitoba is about to change hands. Cassiar Mining Corp. (TSE) intends to sell the gold project — which comes complete with a recent feasibility study r…